If a Cash-Basis Taxpayer Gives a Note in Payment of an Expense,the

question 38

True/False

If a cash-basis taxpayer gives a note in payment of an expense,the deduction may not be taken until the note is paid.

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Definitions:

Avoidance-Avoidance Conflict

A psychological conflict that occurs when a person has to choose between two undesirable options.

Multiple Approach-Avoidance Conflict

A psychological conflict that involves being torn between more than one goal that has both appealing and unappealing aspects.

Type B Behavior

A personality type characterized by less competitive, more relaxed, and less stress-prone behaviors compared to Type A.